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Brooks Wilson's Economics Blog: Healthcare Reform in Britain

Sunday, July 25, 2010

Healthcare Reform in Britain

(HT Drudge Report)  Britain is in the process of remaking their healthcare system for the umpteenth time.  Why?  They are trying to provide the best healthcare for the cheapest price in a period of rising healthcare costs, demand, and declining government resources (Sarah Lyall, New York Times.  "Britain Plans to Decentralize Health Care"). 

As countries around the world deal with government provision of healthcare, they should consider the words of H. A. Hayek from "The Fatal Conceit."

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.  (H. A. Hayek.  "The Fatal Conceit.")

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